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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Airlines have faced "flygskam" — or flight shame — which has seen some travelers shun air travel, heightening pressure for the sector to demonstrate that it can develop a flight path to net-zero emissions. Michael Holder.
Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zero carbon company by 2050. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Is that possible? Surely the world runs on oil. Contributors.
Sustainable investments should grow as divestment from carbon-intensive industries intensifies. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Faster private- and public-sector innovation to get emissions down should follow. Finance & Investing. Carbon Removal.
Similarly, Accenture has found – as exemplified by assessing the 1,000+ largest listed European companies – that the vast majority are not on track to hit their netzero climate goals. Reaching netzero. Still however, there is no standardisation on how to evaluate and validate forthcoming targets.
Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to netzero and offer sustainable investors more choice. Say for example a [rebranded fund] is divesting from a certain sector, but that sector has a transitional focus, then the fund cannot divest radically.
McMurdo anticipates more such rebellions this year, which he says reflects the pervasive greenwashing evident in netzero plans. LAPFF focused on changes to executive pay and discussed Persimmon’s commitment to ensure that all new homes are net-zero by 2030. Disputing divestment.
Disorderly transition and portfolio risks loom large. 2025 will cause a fundamental re-appraisal For investors with 2030 and netzero commitments, the Stocktake / Ratchet cycle will show that success from significant company and policy engagement since 2015 has been difficult to spot. None of this will be fun.
Labelled as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR), the fund is targeting fixed income and other similar securities issued by emerging markets-based companies that are contributing to the UN Sustainable Development Goals (SDGs).
“This means that [energy renovations in buildings] is not yet classified as wholly sustainable and – as stated by both the European Commission and the European Securities and Markets Authority (ESMA) – cannot be included in Article 9 funds [under the Sustainable Finance Disclosure Regulation (SFDR) ],” she said.
Stiell flagged the investment opportunities arising from extreme need – but observed that Africa’s “epidemic of underinvestment” could only be reversed by progress at COP29 on climate finance , Article 6 carbon markets , and the Loss and Damage Fund. Is now the right time for investors to quit a fading industry ?
C of global warming, 50% of all existing buildings need to be netzero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Do they divest so the poorly performing assets are no longer on their books? In order for the real estate sector to decarbonise in line with 1.5°C Hunziker said. .
A 2050 net-zero vision may be an inspiration, but it is not a plan. For example, in the oil and gas sector, investors can assess progress and pace toward net-zero by monitoring companies’ methane emissions, flaring intensity, capital expenditures, lobbying and governance. Sponsored Article. Contributors.
Despite many pension funds declaring their frustration at laggardly transition planning in the sector, as engagement yields limited results, divestment still seems to be the hardest word. One contented customer commented under an article in The Times on Shell’s latest windfall profits: “ Well done to both BP and Shell.
Large institutional investors have taken divergent approaches to managing the climate risks in their portfolios, with some pension funds divesting fossil fuel holdings. Meanwhile, many have opted to retain their stakes and influence in other carbon-intensive firms as their netzero transition plans evolve.
All of this work to support divestment from extractive investments, and investments into community, ultimately has positive implications for climate, as well, said Collins-Swartz. Harris said Propolis is foregrounding energy efficiency and renewability by building net-zero housing, in partnership with local construction company NexBuild.
From 2021 to May this year, 22 investors, including banks and pension funds, have divested from JBS or its subsidiaries, citing its links to biodiversity loss and governance issues, according to the Financial Exclusion Tracker project. This article was originally published by Global Witness. JBS is widely regarded as an ESG pariah.
Buffeted by critics on both sides, finance sector alliances may need to refresh their tactics to progress toward netzero goals in 2023. This time last year BP was in receipt of numerous plaudits for accelerating its netzero transition plans.
BNEF expects a larger jump in 2023 thanks to even more generous tax credits for carbon capture, utilization and storage (CCUS) included in the US Inflation Reduction Act, and an acceleration in net-zero transitions by European companies. The divestment movement will wane. Wed, 01/11/2023 - 14:05. Type of Content.
Speaking at the time the reporting requirements were announced, Energy and Climate Change Minister Greg Hands said: “If the UK is to meet our ambitious netzero commitments by 2050, we need our thriving financial system, including our largest businesses and investors, to put climate change at the heart of their activities and decision making.”.
There is also the delicate matter of future nature-based land-use and food production conflicts facing investors and soft commodity-driven deforestation, representing other potential clouds on their netzero commitments. And then start the difficult discussions necessary to explore those social and environmental downsides.
As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was "net-zero" with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to "protect, manage or restore" at least 50 million acres of land and 1 million square miles of ocean by 2030.
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